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Bank Of Cyprus Reshapes Board Committees To Strengthen Governance

by THEFUTURE.TEAM

September 22, 2025

On Monday, September 22, 2025, Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited announced a strategic overhaul of their board committees aimed at bolstering governance and risk management frameworks. The bank’s proactive approach highlights its commitment to maintaining an agile and robust leadership structure in today’s dynamic financial landscape.

Risk Committee Reorganization

The newly configured risk committee will be led by Monique Hemerijck, who now assumes the role of chair. The committee’s expanded team includes Stuart Birrell, Christian Hansmeyer, and Andreas Kritiotis. This restructure underscores the bank’s focus on refining risk oversight and ensuring a balanced approach to risk-taking and regulatory compliance.

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Audit Committee Leadership

In a parallel move, Irene Psalti has been appointed as the chair of the audit committee. Joining her are Adrian John Lewis, Lyn Grobler, Monique Hemerijck, and Georgios Syrichas. This revamped team is tasked with enhancing audit processes and reinforcing internal controls, thereby driving stronger financial integrity throughout the organization.

Nominations And Corporate Governance Committee

Takis Arapoglou will now chair the nominations and corporate governance committee, supported by Lyn Grobler, Christian Hansmeyer, and Georgios Syrichas. The committee’s reorganization is expected to elevate the bank’s strategic oversight and governance standards, aligning its practices with industry best practices.

Human Resources And Remuneration Committee

Adrian John Lewis has been designated as the chair of the human resources and remuneration committee, with Stuart Birrell, Irene Psalti, and Andreas Kritiotis completing the team. This restructuring is integral to enhancing the bank’s internal talent management and aligning executive remuneration with performance metrics.

Stability In Technology Governance

The bank confirmed that the composition of the technology committee remains unchanged. Lyn Grobler will continue as chair, with Monique Hemerijck and Adrian John Lewis serving as members. This stability is crucial as the bank continues to prioritize technological innovation and digital transformation initiatives.

The board’s decision, which takes effect on Wednesday, October 1, 2025, reflects a comprehensive effort to strengthen governance frameworks and position the organization for future challenges. With these expert-led committees in place, Bank of Cyprus reaffirms its dedication to effective oversight and strategic evolution in the fast-paced banking sector.

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Robust Meat Market Dynamics Ensure A Fully Stocked Easter Feast

by THEFUTURE.TEAM

April 13, 2026

Meat supply increased ahead of Easter 2026, with prices remaining broadly stable despite higher seasonal demand, according to data from slaughterhouses and the Consumer Protection Service Price Observatory. Market data show higher volumes of lamb and pork alongside limited price increases across key categories.

Strong Supply And Price Stability

Recent data indicate increased meat supply compared to the same period last year, supporting availability during peak demand. Higher volumes helped limit price increases across most product categories. Stable supply conditions contributed to controlled pricing despite seasonal pressure on demand.

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Enhanced Competition With Greek Lamb Imports

Market supply was supported by the import of 4,000 lambs from Greece, increasing availability and competition. Additional supply contributed to price stability across lamb products. Domestic production adjusted as imports increased, with 2,105 fewer lambs processed locally on Great Tuesday compared to the previous year.

Dynamic Production Trends In Meat Processing

A total of 19,883 lambs were slaughtered over the past six days, marking a 6% increase compared to the same period last year. Pork production also increased, with 10,655 pigs processed versus 9,452 a year earlier, representing a 13% rise. Higher output across categories reflects increased supply ahead of the holiday period.

Price Adjustments In Key Meat Categories

The average price for locally sourced lamb reached €14.10 per kg, up 4.76% compared to last year. Pork prices declined, with tenderloin averaging €5.97 per kg (-4.47%) and neck cut €6.16 per kg (-1.62%). Poultry remained stable at €4.16 per kg, recording a marginal decrease of 0.05%, maintaining its position as the lowest-cost option.

Overall Cost Implications For The Festive Table

An indicative Easter table for eight people is estimated at €186.42 in 2026 for 19 basic products, compared to €179.36 in 2025, reflecting a 3.9% increase. Meat prices had a limited impact on the increase. Higher costs were driven by vegetables, with tomatoes rising by 81.73% and cucumbers by 42.24%. Prices for fresh potatoes and olive oil declined by 12% to 19%, partially offsetting overall costs.